This guide to building information modeling (BIM) applications for airports was published in 2020. It presents guidance for evaluating the business case of applying and implementing BIM.

The objectives of this research are to document (1) the state of practice within state DOTs as they implement these new requirements and (2) the impacts of implementation to date on asset condition, safety performance and the investment of federal transit funds. This research will provide states with information that will help them evaluate the effectiveness of their efforts to date and refine or adjust their implementation.

State transportation agencies are stewards for public infrastructure assets that are essential to economic vitality, public safety, and quality of life. Accurate, relevant, and reliable asset valuation is crucial for decision-making to ensure the effective, efficient, and economical management of these public assets.

The Guide to Computation and Use of System Level Valuation of Transportation Assets provides guidance on how to calculate asset value, including three different perspectives each suited to different purposes, and a simple, 6-step approach to conduct the computation. It should be noted that though this guide is consistent with the standard practices, it is not an official accounting or financial standard.

Web resources available at https://www.assetvalueguide.com

The web guide is a product of NCHRP Project 23-06 presented in an easy-to-navigate digital version. The guide aids TAM practitioners in calculating and communicating asset value for an array of different perspectives and incorporating asset value into their decision-making processes. It is applicable to both highway and transit modes, and it provides advice for the best methods to value various different assets and asset classes.